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Implications of the collapse of US software stocks: At least at this stage, AI is a replacement for software, not a benefit!
Driven by the AI boom, the tech industry is currently undergoing an unprecedented drastic reshuffle. This week's earnings reports from software and enterprise technology companies reveal the pain of this turning point — performance is generally weak, and the outlook is uncertain.
Expectations are full! Just next week, the ECB will take the lead in starting a cycle of interest rate cuts
The ECB's interest rate cut in June was fixed, but Deutsche Bank believes that the ECB is still plagued by high inflation, weak growth, upward pressure on wages, and exchange rate fluctuations. It is expected that it will not cut interest rates month by month but only once every quarter.
Is it time to switch? Nvidia vs Dow!
In the context of the gradual fading of the AI trading boom, investors may consider turning their attention to Dow constituent stocks that were previously snubbed by the market.
June's Must-See Financial Events: Fed Interest Rate Decision, Nvidia Stock Split, Apple WWDC 2024, Tesla Shareholder Meeting
Check out key events in June here.
U.S. Shares Mixed at Close of Trade; Dow Jones Industrial Average up 1.51%
Nasdaq, S&P 500 Soar in Final Minutes Despite Selloff in Tech Megacaps | Wall Street Today
Stocks traded volatilely Friday as Wall Street marked May's final market day, but the main indexes ended the session higher.